Glassnode: This morning's market surge liquidated a large number of short positions, injecting new momentum into the uptrend

BlockBeats News, September 29th, Glassnode posted on social media that over the past weekend, the Bitcoin futures market accumulated a large number of short positions in the $110,000 to $111,000 range. This morning's price surge forced these concentrated short positions to be liquidated, clearing out existing positions in the market reset process and injecting new momentum into the uptrend.